1. LME prices confirm decline to the $… per mton trading range and short-term technical bearish mode.
2. ALERT! – MORE ALUMINUM BUILDUPS. LME inventories climb… k mton, now in Malaysia.
3. ALERT! – MEGA SMELTER COMING. NEW MEGA SMELTER COMING. Adaro starts… -million-mtpy smelter in Indonesia.
4. ALERT! – SCRAP, SLAB & ROLLING MILL. SLAB REMELTER LOCATION DISCLOSED. SLP likely site of SDI’s Mexican slab remelter.
5. RERUN: ALERT! – MEXICO BILLET & P1020. UNSOLD METAL PILING UP: Billet and P1020 inventories spike at Mexican ports amid unsold metal units.
For more details, please see HARBOR’s “ALERT! – Mexico Billet & P1020” released on Friday.
6. LME Cash–3M contango tightens to a one-week low despite further inventory buildups.
7. China’s aluminum price falls to a near-one-month low.